Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran, its renewable energy subsidiary in France, was awarded 50 megawatts (MW) of solar projects in the ninth round of the CRE 4 (French Energy Regulatory Commission) tender.
Total thus confirms its position as number 1 in solar development in France with close to 400 MW, the largest volume awarded over the last 18 months.
Most of the awarded sites will be developed on repurposed sites and will allow to redesign former industrial sites.
Total Quadran will ensure the construction, operation and commissioning of these projects by 2022.
"Total once again confirms its commitment to developing renewable energies in France. We are proud, through our participation in the French Energy Regulatory Commission’s calls for tenders, to participate in the transformation of the French energy landscape” said Julien Pouget, Senior Vice President Renewables of Total.
Total, renewables and electricity
As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that should account for up to 40 % of its sales by 2050. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. Total will continue to expand this business to reach 100 GW of gross production capacity from renewable sources by 2030 with the objective of being among the world's top 5 in renewable energies.
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Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
About Total Quadran
Total Quadran, a pioneer of renewable energies in France, develops, builds and operates renewable electricity generation resources (wind, photovoltaic, hydro and biogas). Total Quadran operates over 300 renewable energy plants in France totaling nearly 900 MW, generating 1,675 GWh of renewable electricity per year. This is the equivalent of the annual consumption of nearly 1,5 million people and annual savings of nearly 560,000 tons of CO2 emissions.
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